Wright

Surburb overview

Wright is a suburb in the Molonglo Valley district of the ACT. It was gazetted in 2010 and named in honour of Australian poet and advocate of Aboriginal land rights, Judith Wright.

The suburb's street name themes are environment, poets and butterflies; some streets, for instance, have been named after Australian scientists and environmentalists, such as Steve Irwin and Peter Cullen, and well-respected Canberra local and librarian, Harold White. Development for Wright is still underway, with the first house in the suburb erected in 2011. The suburb has since recorded over a thousand private dwellings, based on the latest census data.

Suburb growth

Wright has seen tremendous growth since its founding; its residents are a mix of interstate buyers and migrants from other countries. Some of its residents are from India, England, China, the Philippines and Sri Lanka.

Wright is considered as an anomaly in terms of type of dwelling structures across Canberra. Nearly half of the residential properties in Wright are apartments or flats, with separate homes placing second in choice. Townhomes, row and terraced houses come in third. Most of the properties commonly have two bedrooms, in contrast with other suburbs where three-bedroom homes are more popular.

Median home prices in the suburb have climbed by 36.68 per cent in the past three years alone, settling at an estimated $820,000. Prices of units are also on an upward trend, reflecting an increase of nearly 5 per cent during the same period. Some of the houses and units on listings are being offered off-the-plan.